In honor of Hispanic Heritage Month, global nutrition company Herbalife Ltd. (NYSE:HLF) chairman and chief executive officer, Michael O. Johnson, released the following statement:
“Hispanic Heritage Month is an opportunity for us all to acknowledge and celebrate the many important contributions Latinos make in communities throughout the U.S. every day.
“Herbalife is extremely proud of our close links to the Hispanic community in the U.S. over the past 35 years. Hundreds of thousands of Latino Herbalife members have embraced our products to help improve the nutrition of their friends, families and communities. Every day, our members show what can be achieved through hard work and the right choices.
“Herbalife also honors the contributions of our many Hispanic employees. We have a passionate and extremely hard working team that benefits greatly from the creativity and guidance of our many Hispanic leaders and directors. I am proud of all that we do at Herbalife to encourage, nurture and embrace Hispanics within our workforce.
“As we do throughout the year, we will use our social media and digital channels to shine a spotlight on the important work of Hispanic community groups and promote the benefits our Hispanic members are bringing to communities through spreading the healthy and active lifestyle message.” (Original Source)
Shares of Herbalife yesterday at $56.27. HLF has a 1-year high of $61.95 and a 1-year low of $27.60. The stock’s 50-day moving average is $55.72 and its 200-day moving average is $48.80.
On the ratings front, Herbalife has been the subject of a number of recent research reports. In a report issued on August 27, Pivotal Research analyst Timothy Ramey reiterated a Buy rating on HLF, with a price target of $100, which represents a potential upside of 77.7% from where the stock is currently trading. Separately, on August 6, Canaccord Genuity’s Scott Van Winkle reiterated a Buy rating on the stock and has a price target of $58.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Timothy Ramey and Scott Van Winkle have a total average return of 7.2% and 4.9% respectively. Ramey has a success rate of 58.5% and is ranked #831 out of 3757 analysts, while Winkle has a success rate of 45.8% and is ranked #772.
Herbalife Ltd is a nutrition company. The Companyalong with its subsidiariessells weight management, targeted nutrition, energy, sports & fitness, and outer nutrition products.